About the Company - Bajaj Electricals Ltd
Bajaj Electricals Ltd. is a Public Limited Listed company incorporated on 14/07/1938 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31500MH1938PLC009887 and registration number is 009887. Currently Company is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs. 4770.35 Cr. and Equity Capital is Rs. 22.97 Cr. for the Year ended 31/03/2022.
Management |
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Name | Position Held |
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Mr. Shekhar Bajaj | Chairman |
Mr. Anuj Poddar | Managing Director & CEO |
Mrs. Pooja Bajaj | Non Executive Director |
Mr. Rajiv Bajaj | Non Executive Director |
Mr. Madhur Bajaj | Non Executive Director |
Mr. Shailesh Haribhakti | Independent Director |
Mr. Harsh Vardhan Goenka | Independent Director |
Dr.(Mrs.) Indu Shahani | Independent Director |
Dr. Rajendra Prasad Singh | Independent Director |
Mr. Munish Khetrapal | Independent Director |
Mr. Sudarshan Sampathkumar | Independent Director |
Bajaj Electricals Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹1,021.95 |
Previous Day | ₹1,019.05 |
Basic Stock Data of Bajaj Electricals Ltd
Market Cap | 11,717 Cr. |
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Current Price | 1,018 |
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High / Low | 1,223/884 |
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Stock P/E | 57.5 |
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Book Value | 123 |
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Dividend Yield | 0.40 % |
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ROCE | 18.5 % |
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ROE | 12.2 % |
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Face Value | 2.00 |
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Bajaj Electricals Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 1,214 | 1,497 | 1,254 | 853 | 1,297 | 1,312 | 1,327 | 1,124 | 1,220 | 1,483 | 1,292 | 1,112 | 1,113 |
Expenses | 1,111 | 1,349 | 1,183 | 846 | 1,205 | 1,220 | 1,264 | 1,051 | 1,127 | 1,383 | 1,195 | 1,043 | 1,055 |
Operating Profit | 103 | 148 | 72 | 7 | 92 | 92 | 63 | 73 | 94 | 100 | 98 | 69 | 58 |
OPM % | 8% | 10% | 6% | 1% | 7% | 7% | 5% | 6% | 8% | 7% | 8% | 6% | 5% |
Other Income | 10 | 23 | 29 | 13 | 21 | 10 | 19 | 9 | 20 | 19 | 22 | 23 | 28 |
Interest | 22 | 16 | 11 | 15 | 19 | 16 | 10 | 7 | 10 | 17 | 12 | 12 | 14 |
Depreciation | 18 | 18 | 16 | 14 | 15 | 16 | 16 | 15 | 18 | 18 | 21 | 21 | 26 |
Profit before tax | 74 | 136 | 74 | -9 | 79 | 70 | 56 | 60 | 86 | 85 | 86 | 59 | 46 |
Tax % | 27% | 26% | 24% | 26% | 21% | 26% | 24% | 26% | 26% | 26% | 32% | 27% | 27% |
Net Profit | 54 | 101 | 56 | -6 | 62 | 52 | 42 | 44 | 64 | 63 | 59 | 43 | 33 |
EPS in Rs | 4.74 | 8.81 | 4.89 | -0.56 | 5.40 | 4.49 | 3.66 | 3.87 | 5.56 | 5.52 | 5.10 | 3.76 | 2.91 |
Bajaj Electricals Ltd Quarterly Chart
Bajaj Electricals Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 3,077 | 3,351 | 4,002 | 4,232 | 4,590 | 4,254 | 4,697 | 6,656 | 4,975 | 4,572 | 4,786 | 5,418 | 5,000 |
Expenses | 2,840 | 3,239 | 3,920 | 4,143 | 4,326 | 4,011 | 4,403 | 6,308 | 4,768 | 4,271 | 4,535 | 5,060 | 4,675 |
Operating Profit | 237 | 112 | 82 | 88 | 264 | 243 | 293 | 348 | 207 | 302 | 251 | 358 | 325 |
OPM % | 8% | 3% | 2% | 2% | 6% | 6% | 6% | 5% | 4% | 7% | 5% | 7% | 7% |
Other Income | 14 | 41 | 15 | 24 | 48 | 36 | -36 | 65 | 53 | 84 | 59 | 83 | 91 |
Interest | 63 | 69 | 78 | 104 | 108 | 80 | 59 | 116 | 169 | 76 | 69 | 48 | 54 |
Depreciation | 13 | 14 | 25 | 29 | 27 | 30 | 34 | 38 | 68 | 69 | 63 | 75 | 86 |
Profit before tax | 176 | 69 | -6 | -21 | 177 | 168 | 164 | 259 | 22 | 241 | 179 | 318 | 277 |
Tax % | 33% | 26% | 11% | 33% | 38% | 36% | 49% | 36% | 101% | 24% | 23% | 27% | |
Net Profit | 118 | 51 | -5 | -14 | 110 | 108 | 84 | 167 | -0 | 184 | 137 | 231 | 199 |
EPS in Rs | 10.66 | 4.62 | -0.48 | -1.25 | 9.85 | 9.57 | 7.39 | 14.69 | -0.01 | 16.04 | 11.91 | 20.03 | 17.29 |
Dividend Payout % | 24% | 39% | -282% | -108% | 26% | 26% | 43% | 21% | -0% | -0% | 25% | 20% | |
Bajaj Electricals Ltd Profit & Loss Yearly Chart
Bajaj Electricals Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 5% |
5 Years:: | 3% |
3 Years:: | 3% |
TTM:: | 0% |
Bajaj Electricals Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 20% |
5 Years:: | 14% |
3 Years:: | 1103% |
TTM:: | -4% |
Bajaj Electricals Ltd Growth
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Stock Price CAGR |
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10 Years:: | 20% |
5 Years:: | 19% |
3 Years:: | 21% |
1 Year:: | -1% |
Bajaj Electricals Ltd Growth
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Return on Equity |
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10 Years:: | 9% |
5 Years:: | 9% |
3 Years:: | 10% |
Last Year:: | 12% |
Bajaj Electricals Ltd Balance Sheet
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 23 | 23 | 23 | 23 | 23 |
Reserves | 680 | 709 | 690 | 667 | 736 | 851 | 924 | 1,057 | 1,357 | 1,582 | 1,722 | 1,938 | 1,390 |
Borrowings | 209 | 166 | 348 | 408 | 899 | 647 | 723 | 1,582 | 1,079 | 541 | 82 | 101 | 203 |
Other Liabilities | 1,043 | 1,263 | 1,627 | 1,727 | 1,305 | 1,569 | 1,805 | 2,500 | 2,100 | 2,105 | 2,175 | 2,652 | 2,223 |
Total Liabilities | 1,952 | 2,157 | 2,685 | 2,822 | 2,960 | 3,087 | 3,473 | 5,160 | 4,559 | 4,250 | 4,002 | 4,715 | 3,838 |
Fixed Assets | 184 | 226 | 249 | 278 | 276 | 310 | 316 | 322 | 404 | 461 | 685 | 753 | 814 |
CWIP | 3 | 6 | 3 | 3 | 21 | 8 | 6 | 9 | 11 | 18 | 43 | 42 | 72 |
Investments | 44 | 30 | 67 | 59 | 80 | 80 | 14 | 51 | 53 | 38 | 49 | 91 | 49 |
Other Assets | 1,721 | 1,895 | 2,366 | 2,482 | 2,583 | 2,688 | 3,136 | 4,778 | 4,091 | 3,734 | 3,225 | 3,829 | 2,903 |
Total Assets | 1,952 | 2,157 | 2,685 | 2,822 | 2,960 | 3,087 | 3,473 | 5,160 | 4,559 | 4,250 | 4,002 | 4,715 | 3,838 |
Bajaj Electricals Ltd Reserves and Borrowings Chart
Bajaj Electricals Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 76 | 141 | -7 | 121 | 305 | 437 | -103 | -602 | 627 | 660 | 931 | 450 |
Cash from Investing Activity | -68 | -0 | -76 | -83 | -53 | -90 | 36 | -127 | -46 | -110 | -86 | -99 |
Cash from Financing Activity | -2 | -144 | 87 | -56 | -239 | -368 | 64 | 718 | -491 | -605 | -772 | -129 |
Net Cash Flow | 6 | -4 | 4 | -19 | 13 | -22 | -3 | -11 | 90 | -56 | 73 | 222 |
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Bajaj Electricals Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 109 | 102 | 113 | 111 | 112 | 115 | 136 | 144 | 150 | 121 | 87 | 100 |
Inventory Days | 56 | 60 | 57 | 58 | 60 | 76 | 68 | 64 | 76 | 118 | 109 | 103 |
Days Payable | 131 | 139 | 152 | 142 | 66 | 84 | 100 | 85 | 99 | 115 | 136 | 153 |
Cash Conversion Cycle | 35 | 23 | 17 | 27 | 106 | 107 | 104 | 123 | 127 | 124 | 59 | 50 |
Working Capital Days | 43 | 28 | 20 | 19 | 60 | 41 | 71 | 85 | 69 | 67 | 29 | 31 |
ROCE % | 29% | 13% | 7% | 8% | 21% | 16% | 20% | 17% | 7% | 12% | 13% | 18% |
Bajaj Electricals Ltd Financial Efficiency Indicators Chart
Bajaj Electricals Ltd Share Holding Pattern
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 63.22% | 63.16% | 63.10% | 63.05% | 63.01% | 62.98% | 62.96% | 62.91% | 62.89% | 62.86% | 62.85% | 62.85% |
FIIs | 10.92% | 12.42% | 12.03% | 12.86% | 11.75% | 10.64% | 10.51% | 10.81% | 11.26% | 11.22% | 10.92% | 10.49% |
DIIs | 11.88% | 10.47% | 11.29% | 11.05% | 11.61% | 12.04% | 12.41% | 12.30% | 12.23% | 12.39% | 11.96% | 12.06% |
Public | 13.98% | 13.95% | 13.57% | 13.04% | 13.64% | 14.35% | 14.12% | 13.98% | 13.62% | 13.51% | 14.26% | 14.60% |
No. of Shareholders | 40,421 | 51,194 | 58,713 | 53,700 | 66,825 | 71,897 | 72,573 | 70,319 | 66,018 | 63,059 | 60,389 | 63,101 |
Bajaj Electricals Ltd Shareholding Pattern Chart
No. of Bajaj Electricals Ltd Shareholders
Bajaj Electricals Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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HDFC Small Cap Fund - Regular Plan | 5582540 | 2.46 | 569.67 |
Nippon India Small Cap Fund | 3062071 | 0.84 | 312.47 |
ICICI Prudential Multicap Fund | 693015 | 0.81 | 70.72 |
Mahindra Manulife Small Cap Fund | 296181 | 1.35 | 30.22 |
Baroda BNP Paribas Flexi Cap Fund | 143800 | 1.24 | 14.67 |
Mahindra Manulife Flexi Cap Fund | 137023 | 1.37 | 13.98 |
HDFC Capital Builder Value Fund - Regular Plan | 88571 | 0.16 | 9.04 |
Aditya Birla Sun Life Special Opportunities Fund | 86310 | 1.39 | 8.81 |
LIC MF Multi Cap Fund | 75468 | 1.13 | 7.7 |
LIC MF ULIS 10 Yrs Regular Premium Reducing cover | 61854 | 1.41 | 6.31 |
Bajaj Electricals Ltd ROCE Trend
Bajaj Electricals Ltd EPS Trend
Bajaj Electricals Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Basic EPS (Rs.) | 18.80 | 10.85 | 16.54 | -0.99 | 15.02 |
Diluted EPS (Rs.) | 18.77 | 10.81 | 16.49 | -0.99 | 14.98 |
Cash EPS (Rs.) | 25.89 | 16.86 | 23.06 | 5.82 | 19.52 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 165.74 | 148.44 | 140.10 | 118.51 | 103.11 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 165.74 | 148.44 | 140.10 | 118.51 | 103.11 |
Revenue From Operations / Share (Rs.) | 471.80 | 418.98 | 400.27 | 438.37 | 652.29 |
PBDIT / Share (Rs.) | 37.67 | 27.72 | 32.51 | 22.37 | 39.56 |
PBIT / Share (Rs.) | 30.57 | 21.70 | 25.95 | 15.89 | 35.26 |
PBT / Share (Rs.) | 26.37 | 14.48 | 21.50 | 0.87 | 23.78 |
Net Profit / Share (Rs.) | 18.79 | 10.83 | 16.50 | -0.65 | 15.23 |
NP After MI And SOA / Share (Rs.) | 18.79 | 11.19 | 16.64 | -0.81 | 15.27 |
PBDIT Margin (%) | 7.98 | 6.61 | 8.12 | 5.10 | 6.06 |
PBIT Margin (%) | 6.47 | 5.17 | 6.48 | 3.62 | 5.40 |
PBT Margin (%) | 5.58 | 3.45 | 5.37 | 0.20 | 3.64 |
Net Profit Margin (%) | 3.98 | 2.58 | 4.12 | -0.14 | 2.33 |
NP After MI And SOA Margin (%) | 3.98 | 2.67 | 4.15 | -0.18 | 2.34 |
Return on Networth / Equity (%) | 11.33 | 7.42 | 11.87 | -0.68 | 14.81 |
Return on Capital Employeed (%) | 17.07 | 13.59 | 17.07 | 11.25 | 26.53 |
Return On Assets (%) | 4.62 | 3.21 | 4.48 | -0.20 | 3.01 |
Long Term Debt / Equity (X) | 0.00 | 0.01 | 0.01 | 0.05 | 0.20 |
Total Debt / Equity (X) | 0.00 | 0.02 | 0.16 | 0.55 | 1.50 |
Asset Turnover Ratio (%) | 1.24 | 1.15 | 1.04 | 1.02 | 1.55 |
Current Ratio (X) | 1.30 | 1.21 | 1.18 | 1.11 | 1.05 |
Quick Ratio (X) | 0.89 | 0.74 | 0.78 | 0.87 | 0.82 |
Inventory Turnover Ratio (X) | 0.50 | 0.41 | 0.35 | 0.40 | 0.67 |
Dividend Payout Ratio (NP) (%) | 15.94 | 0.00 | 0.00 | 0.00 | 22.85 |
Dividend Payout Ratio (CP) (%) | 11.57 | 0.00 | 0.00 | 0.00 | 17.84 |
Earning Retention Ratio (%) | 84.06 | 0.00 | 0.00 | 0.00 | 77.15 |
Cash Earning Retention Ratio (%) | 88.43 | 0.00 | 0.00 | 0.00 | 82.16 |
Interest Coverage Ratio (%) | 8.96 | 4.57 | 4.87 | 1.49 | 3.44 |
Interest Coverage Ratio (Post Tax) (%) | 5.47 | 2.97 | 3.14 | 0.95 | 2.33 |
Enterprise Value (Cr.) | 11736.78 | 12224.99 | 11392.02 | 3680.34 | 7291.52 |
EV / Net Operating Revenue (X) | 2.16 | 2.54 | 2.48 | 0.73 | 1.09 |
EV / EBITDA (X) | 27.07 | 38.38 | 30.59 | 14.46 | 18.00 |
MarketCap / Net Operating Revenue (X) | 2.23 | 2.57 | 2.44 | 0.61 | 0.85 |
Retention Ratios (%) | 84.05 | 0.00 | 0.00 | 0.00 | 77.14 |
Price / BV (X) | 6.35 | 7.13 | 6.98 | 2.26 | 5.42 |
Price / Net Operating Revenue (X) | 2.23 | 2.57 | 2.44 | 0.61 | 0.85 |
EarningsYield | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 |
Bajaj Electricals Ltd Profitability Ratios (%)
Bajaj Electricals Ltd Liquidity Ratios
Bajaj Electricals Ltd Liquidity Ratios (%)
Bajaj Electricals Ltd Interest Coverage Ratios (%)
Bajaj Electricals Ltd Valuation Ratios
Fair Value of Bajaj Electricals Ltd Stock
Fair Value: ₹866.30
The stock is overvalued by 14.90% compared to the current price ₹1018
*Investments are subject to market risks
Strength and Weakness of Bajaj Electricals Ltd Stock
Strength | Weakness |
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The company has higher reserves compared to borrowings, indicating strong financial stability. The company has shown consistent growth in sales and profit over the years. | The stock has a low average ROCE, which may not be favorable. The stock has a high average Working Capital Days, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. |